Chapter 561 The Journey of the Bull Market (VI)!
"Do you know how to massage?" Su Yu asked with a smile.
Li Meng sat quietly next to him, put her long and white fingers on Su Yu's shoulders, rubbed them gently for him, and said with a smile: "Although I don't know how to do it, it's better than rubbing it all by yourself."
"Yes!" Su Yu smelled her elegant fragrance and lay down on the sofa.
Li Meng found a suitable position, continued to rub Su Yu for a while, and said, "Do you really want to acquire the company 'Anzhao Fund'?"
"Well!" Su Yu said, lying on the sofa, "If Mr. Wu of the Eastern Group is willing to sell."
"But our company's cash flow is currently tight, and we don't have so much money to use for external mergers and acquisitions!" Li Meng said, "And this company's assets and asset management volume, for us, are actually It doesn’t make much sense. Acquiring such a company always feels like it won’t help our company’s development much, and the price-performance ratio is not high.”
Su Yu said: "Currently, there is a risk of the capital chain of 'Oriental Group' being broken. At this time, we will acquire the assets of its companies, and the other party's asking price will not be too high. At the same time, the reason why I intend to acquire 'Anzhao Fund' is The company is not interested in its assets and future development potential, but in the several fund licenses it holds and the other party’s mature trading team.”
"We analyzed it before..."
"I feel that the bull market is getting closer. The development of the domestic asset management and financial industries has obviously reached an inflection point as the bull market approaches."
"When the industry cycle outbreak is getting closer and closer, we, as market participants."
"No matter what, we have to prepare in advance and prepare enough bullets to seek more benefits and profits when the industry cycle breaks out. And with our current reputation and influence in the domestic financial investment market, 'Yuhang Investment', We are fully committed to expanding our business scale at this time and waiting for the market to reverse, which is the most beneficial strategic preparation for our company’s future development.”
“We must strike while the iron is hot!”
"Under the influence of emotions, market trends change quickly."
"We, 'Yuhang Investment', still have this kind of appeal among the vast investor groups in the market. If this is the case, then we must take advantage of investors' trust in our institution and the fanatical chasing effect to improve our company's asset management Let’s raise the scale and develop further.”
"Business management is like sailing against the current. If you don't advance, you will retreat."
"Although our institution currently holds tens of billions of capital, we are held up by investors who trust us, and many people in the industry. Every word and deed has a huge impact on the market, but believe it or not... as long as we As soon as the net values of several core funds of the institution fall slightly, the trust and fanatical pursuit of investors in us will cease to exist in an instant. "
"So, tens of billions of dollars is not the development goal of our organization, nor should it be the development goal of our organization."
"Continue to move upward, climb to the 100 billion asset management scale, and truly achieve the two major businesses of fund management and private equity investment. When both legs can walk soundly, perhaps our institution's ability to bear risks will be significantly improved. And we can relax a little bit.”
"Now, it's not the time for us to be complacent and to relax."
"As for what you just said, our company's cash liquidity problem..."
Su Yu paused and then said: "Not long ago, the 1 billion loan we applied for from Huashang Bank was blocked by the credit risk control department at the Yanjing headquarters, but the loan was not cancelled. , will still be released to our company.”
"With this 1 billion loan, our company's current tight cash flow problem will be greatly alleviated."
"Furthermore, the overall scale of 'Anzhao Fund' is not large, and its internal assets are extremely limited. Even if there is a premium for acquiring this company, the valuation will not exceed 100 million. The current impact on our company will be Practically speaking, it’s still minimal.”
"And after we actually acquire it..."
"Several major funds under Anzhao Fund are fully integrated into the management of our 'Yuhang Investment', which has a completely different meaning in the minds of investors in the market."
"This company, in the hands of Mr. Wu of the Eastern Group, is only worth 100 million at most."
"But in our hands, the value presented is estimated to be more than 1 billion."
"So, no matter which direction we analyze it, as long as the Eastern Group is willing to sell this company, we will not lose money at all."
"Of course, the fundamental reason is that our company is too slow in cultivating traders."
"Also, our company is expanding too fast, and our talent pool is obviously not keeping up. External mergers and acquisitions of similar companies and expansion of our talent pool are the fastest shortcuts to our development."
After listening to Su Yu's analysis, Li Meng suddenly became less resistant to his desire to acquire the 'Anzhao Fund' and said, "Okay, if that's the case, then I don't have any objections."
"but……"
Li Mengmeng thought for a while and then said: "With the 1 billion in bank loans, plus the 1 billion in funds we borrowed from Zhenhua Capital Group, the current debt ratio of our organization can be said to be soaring. If something unexpected happens, the 'bull market' we expected will not come so soon, will there be any problems? "
After all, she knew that the 1 billion yuan loan that the company applied for from Huashang Bank was not a long-term loan, but a short-term loan of half a year.
And the 1 billion yuan loan from Zhenhua Capital Group.
Although the other party did not indicate a clear repayment date, its essence also has implicit conditions.
If their relationship with the Xie family of Zhenhua Capital suddenly deteriorates, and the market changes, and there are some unexpected changes, then the company's current situation will not be able to solve the 2 billion yuan funding gap suddenly.
"There is still one quarter before the one-year net value settlement and opening time of the Yuhang No. 2 Fund." Su Yu said, "The net asset value of the Yuhang No. 2 Fund has reached about 14 billion yuan. According to the agreement when the fund was established, even if the Yuhang No. 2 Fund is settled at the current net asset value, we can at least reap more than 3 billion yuan in excess profits, which is enough to make up for the 2 billion yuan in funding gap."
What's more...
Su Yu knew that when the time really reaches a quarter, when the fund net value is settled.
The net asset value of the ‘Yuhang 2’ fund can still rise a bit when the main line of the market has been determined and the bull market is getting closer. At that time, the excess profit they can obtain in the net value settlement will probably be far more than 3 billion.
Moreover, in addition to the excess profit.
According to the 4% fund management fee, they can also obtain at least 500 to 600 million fixed management fee income.
In short, comprehensively speaking, in the face of the expected medium- and short-term income, the company’s current liabilities are not large, and there is no excessive operating risk.
“Okay!” Li Meng nodded, “If you think there is no problem, then it’s fine.”
Although Su Yu has always respected her opinions, after all, she only holds 1% of the company’s actual shares. According to the company law, she cannot influence any decision Su Yu makes on the company’s development.
“Well!” Su Yu responded, feeling much more relaxed, and couldn’t help saying, “I feel much better, you are tired too, go to bed early!”
After that, Su Yu turned over and sat up.
But he didn't expect that he suddenly stood up, causing Li Meng, who was originally leaning on his body to massage him, to completely lose her balance and fall into Su Yu's arms in an instant, causing Su Yu to hug her tightly.
"I... go to bed."
The moment their skin touched, their minds went blank for a short time, and Li Meng said.
Su Yu gently said "hmm", and then saw Li Meng in pajamas, got up and quickly went into her room.
After that, Su Yu couldn't help but flash through the scene just now in his mind.
Sitting on the sofa, thinking about it for a while, he went to the bathroom, took a cold shower, and then went to sleep.
The next day, after waking up and having breakfast, Su Yu didn't let Dai Lingna drive to pick him up, but took Li Meng's car directly, and the two came to the company together.
When he arrived at the company, Su Yu saw that the company's management had almost arrived.
So, as usual, a weekly morning meeting of the company's management was held. The heads of various departments discussed the work arrangements for this week. At the same time, a supervisor who stayed in the company's popular department was asked to follow up on the project of acquiring "Anzhao Fund" and try to contact "Oriental Group".
After the morning meeting, Su Yu entered the trading room of the company's fund investment department.
Then, while checking the morning market announcements and important information, he listened to the trading arrangements of each trading group and everyone's strategic ideas on trading.
According to the market sentiment reaction in the morning and the topic heat bias of major stock discussion platforms on the Internet.
The core focus of the market is still the main line areas of "infrastructure" and "military industry" that moved across the board last Friday. As for hot stocks, the popularity of "Fushun Special Steel", "Beijiang Jiaojian", "LeTV", "Huaguo Zhongye", and "Huaguo Railway Construction" can be said to be comparable.
"Boss Su, the check for 'Chengfei Technology' seems to have been anticipated!"
At 9:10 am, in the trading room, Zhang Guobing, the leader of Group 3, said: "There are rumors in the market that the reorganization of this check with a certain military enterprise is already in the approval plan stage. It seems that this check has the trend of becoming a leading concept stock in the field of 'military asset reorganization'."
"'Chengfei Technology'?" Su Yu glanced at the check, and there were indeed some vague memories in his memory.
"Moreover, technically, the trend pattern, the degree of capital involvement, etc. are all pretty good." Zhang Guobing continued, "I think it can be deployed as an important fulcrum for the continued divergence of the 'military industry' line market. Of course... the focus is not on this stock, but on the fact that we can bring out the concept of 'military industry asset restructuring' by trading this check." "I think Guobing is right." Zhao Lijun also continued, "If a major main line market is to continue for a longer time, then we have to dig deeper into its investment logic and hot concept direction. There is no doubt that the 'military industry asset restructuring' superimposed on the 'state-owned enterprise and central enterprise reform and restructuring' concept has a strong hype space and expected imagination space. We can guide the market in this direction and there is a lot of room for improvement."
"There is also the direction of 'big infrastructure'..." Seeing the two people put forward their opinions, Liu Yuan said, "Master, although the underlying expectation logic of the line of 'big infrastructure' is 'the accelerated progress of urbanization' and the recovery of 'real estate and infrastructure', in terms of hot spots and concept expansion, it can also be linked with the policy direction of 'reform and restructuring of central enterprises and state-owned enterprises' to expand expectations in depth."
"And..."
Liu Yuan paused, and then said: "The incremental expectations of the general direction of 'infrastructure', that is, the direction of 'Silk Road in the New Era', can also be subdivided and expanded, which can be linked to shipping and ports, thereby further expanding the scope of the main line market, fully maintaining the depth of the money-making effect and the sustainability of the market development."
"In fact, in the recent futures market, the 'black series' has been continuously bottoming out and rebounding .”
“Although the bottom signal is not clear yet.”
“But this can be regarded as an expectation of a cyclical reversal. If we combine the trend of the futures market and induce the market, we should be able to harvest some incremental funds that follow suit, which will further help us open up the market situation and lay the foundation for the market's hype sentiment. ”
“Good!” Su Yu listened to everyone's suggestions and smiled, “All good. At present, we have mastered the initiative of the market. As long as you think your ideas are right, you can use the funds in your hands to induce the market to verify. However, if the market trend reflected by the market and the market funds follow the trend, they are inconsistent with your expectations. You still have to stop loss and don't get deeper and deeper in the wrong trading strategy direction. ”
With the company's asset management scale becoming larger and larger.
At the same time, with the large funds operating, Su Yu believes that several core members of the trading team have now fully grown up and are able to stand on their own.
“Good!” Several trading team leaders responded one after another, and then turned their attention back to the trading market of the two cities.
When everyone's eyes returned to the trading disks of the two markets, the market trading time had already reached 9:15, and the two markets ushered in the initial call auction.
The stagnant disk began to jump again under the gaze of countless investors in the entire market.
Among them, the two main line-related concept sectors of "infrastructure" and "military industry", as well as core concept stocks and many popular stocks with high market attention, instantly attracted the attention of various funds in the market. The corresponding individual stock disks, at the moment the call auction began, the trading situation was very fierce.